SmartFinancial and SmartBank Appoint John M. Presley to the Boards of Directors
April 14, 2021 at 08:01 am EDT
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On April 13, 2021, SmartFinancial, Inc. entered into an Agreement and Plan of Merger with Sevier County Bancshares, Inc. At the effective time of the Merger, SmartFinancial will appoint John M. Presley, the Executive Chairman of SCB, to the Boards of Directors of SmartFinancial and SmartBank.
SmartFinancial, Inc. is the bank holding company for SmartBank (the Bank). The Bank is a full-service commercial bank with branches across Tennessee, Alabama, and Florida. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, leases, consumer loans and residential and commercial construction loans. It also originates one to four family residential mortgage loans and generally enters into a commitment to sell these loans in the secondary market. SBK Insurance, Inc., a subsidiary of the Bank, provides insurance products in the property and casualty area, commercial, transportation, and life and health to their respective clients. The Bank provides a suite of commercial and consumer banking services to clients through about 42 full-service bank branches.
SMARTFINANCIAL, INC. 
